Posts Tagged ‘entrepreneur’

Vision Statements: Second Step In Becoming A Successful Entrepreur

Saturday, July 10th, 2010

You are one of the millions of people who have the dream in their heart and in their head to become financially independent. You don’t want to work for someone else and make them rich. You don’t want (or no longer want) to punch a timecard and be at someone else’s beck and call. You don’t want to be victim to the “winds of change”. You want to be the master of your life and your destiny. Good for you!

One of the first steps to become a successful entrepreneur is take inventory of yourself. What are my strengths/weaknesses? What do I believe in? What are the values I will not compromise? What is my “why”? What am I good at? What do I truly dislike doing? All of these questions will help you determine the course of action and the business you will be most successful in. Write the answers down. Don’t rush through this – take your time. If you are having difficulty focusing in this exercise, there are many good resources on the internet that can guide you.

Now, you need to write your Vision Statement. In Napoleon Hill’s book, “Think and Grow Rich”, he states, “The dominating thoughts of your mind will eventually reproduce themselves in outward, physical action and gradually transform themselves into physical reality.” Your brain only understands and processes what you put into it. Your brain cannot differentiate reality from vision. This is why a vision statement is important to your success. The principle of autosuggestion is described more fully in Mr. Hill’s book in Chapter IV.

A good vision statement is very specific. Your first vision statement should be for 5 years out. Talk about your health, your relationships, your wealth, charities and philanthropic activities, the person you have become, your lifestyle. Write in the present tense – I am healthy, I give to…, I am…, I make…, etc. You get the idea. Again, do not rush through this, take your time. Your vision statement will change and evolve over time but you want a good vision to start with. When you have your vision statement, you will read it out loud twice a day – once when you first wake up in the morning and the other before you go to bed at night. This may feel a little weird at first. You will get used to it. When you read your vision statement, you will read it with conviction and feeling. Put some emotion into it. “All thought which have been emotionalized (given feeling) and mixed with faith, begin immediately to translate themselves into their physical equivalent or counterpart.” Close your eyes and spend time meditating on your vision. See it, feel it, smell it, taste it. It will become real.

This series of articles is going to provide you with guidance and insight to become a successful entrepreneur. We encourage you to read the information provided, do the steps outlined, glean from it what you will and do your own research. However, there are certain qualities, character traits, values, steps, etc., which are common to all successful entrepreneurs. Laying a strong foundation for success is critical. Creating your Vision Statement is the second step in becoming successful. In our next article, we will talk about goal setting.

Want to find out more about how to become a successful entrepreneur, then visit Alisa Breese’s site to register for free training in internet marketing.

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Successful Forex Trading Strategies Used By Sophisticated Traders

Wednesday, November 4th, 2009

There are many trading models or strategies. If you are looking to become a serious currency investor, you should take the time to learn how each is used. Each strategy is often used under different sets of circumstances and there is no strategy that works all of the time. Why? The answer is simple. Each trader often trades under a different goals and rules thereby producing a different set of results.

There are too many factors influencing the market to find one glove that fits all. Profitable traders will tell you that in order to trade successfully, you will have to gain some experience under your belt. As you trade over time, you will develop an intuition that will help to serve as your guide. Intuition alone is not enough though. Learning when to stay in and pull out of a trade is also important.

It is never wise to trade on a whim or on emotions. This is the best way to lose money fast. Moreover, you should learn how to balance any trading advice you get from others by learning how to interpret real-time market signals as they occur and weigh them against your training and intuition.

Since you are looking for profitable trading scenarios or strategies, you will be happy to know there are only two main categories. The first category can be classified as a profit-maximizing strategy while the other deals with minimizing risk. No two investors will ever use these strategies the same because each may be influenced under a different set of circumstances.

When using the profit-maximizing or stop loss strategy, serous investors take many things into account. It is not as easy as it may sound. There are just too many factors that can influence a trade to say that one strategy will always work successfully. This is why it is important for you to learn these strategies and gain some experience trading in demo accounts before committing real money.

A leverage based trading strategy allows you to make money by hiring the services of a broker. Under this strategy, a broker will give you a 100:1 match on the money you place into your account. This is money that you essentially borrow from your broker so you can make larger trades based on the terms you agree upon.

The stop loss order is the most popular risk minimizing strategy. This strategy helps traders by using presets as a means to automatically stop a trade once a set of conditions are met based on the stop loss prices of the trade. Traders set their own stop loss price limits. There are different types of stop losses, each used under varying circumstances at the discretion of the trader. A key point to be made is that regardless of the trading strategy used, there is always an element of risks involved.

Automated order entry trading strategies allow a trader to enter a trade opportunity at a preset price. This trading strategy relies on software automation whereby the trader is given control over the set price of the currency. The presets are designed with complex algorithms that enable a trader to enter a trade at the most favorable time for profits.

Automated trading is most often used when you want to automatically enter a trade the market when the currency is more favorable for profits.

Learn more about futures trading by visiting the link futures trading today.